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FBI looks to return $190 million in Bitcoin seized from alleged Sony Life embezzler

The Federal Bureau of Investigations (FBI) has taken the first legal action to return 3,879 Bitcoin (roughly $190 million)—which it recently seized from an alleged embezzler—to insurance company Sony Life, a subsidiary of Tokyo-based Sony Group Corporation. According to the agency’s complaint for forfeiture filed with the U.S. District Court of Carolina on December 20, … Read moreFBI looks to return $190 million in Bitcoin seized from alleged Sony Life embezzler

The IRS seized $4 billion worth of Bitcoin and other cryptos this year

Despite the fact that a large percentage of all funds seized by the Internal Revenue Service (IRS) in this fiscal year came from cryptocurrency, the agency has projected that it could be able to confiscate more billions from the same source by the next fiscal year.  This was revealed via the recently released report of … Read moreThe IRS seized $4 billion worth of Bitcoin and other cryptos this year

US agency FBI gives tips on dealing with the rise in crypto ATM fraud

U.S law enforcement agency the FBI has posted a warning about a new type of crypto scam that’s gaining popularity. It involves a scammer convincing a victim to put cash into a crypto ATM to send funds via a QR code. The crypto ATM/QR scam crypto scams cover a variety of methods, but perhaps most … Read moreUS agency FBI gives tips on dealing with the rise in crypto ATM fraud

Australia’s new law allows regulators to seize and freeze crypto

australias new law allows regulators to seize and freeze crypto

The measures take a decisive stance against ransomware payments: Minister of Home Affairs After a surge in cyberattacks on critical Australian infrastructure including prominent businesses and state agencies last year, the country has decided to introduce stricter penalties for cybercriminals in what is being dubbed as the ‘Ransomware Action Plan’. These new sets of measures … Read moreAustralia’s new law allows regulators to seize and freeze crypto

Bill exploring crypto’s role in cybercrime introduced in Congress

bill exploring cryptos role in cybercrime introduced in congress

The bill mandates disclosure of financial information regarding ransom payments by victims In a bid to better understand how ransomware operations are executed, the United States Senator Elizabeth Warren and Representative Deborah Ross introduced the Ransom Disclosure Act in Congress yesterday. The bill, if passed, will mandate victims of ransomware attacks to report the incident … Read moreBill exploring crypto’s role in cybercrime introduced in Congress

At least 6,000 Coinbase accounts were compromised

at least 6000 coinbase accounts were compromised

Hackers are increasingly targeting cryptocurrency investors, with hundreds of millions of dollars lost to attackers so far this year Cryptocurrency exchange Coinbase has confirmed that roughly 6,000 customers were affected by an exploit of a vulnerability in the multi-factor authentication (MFA) process of the platform. The exploit took place between March and May this year. … Read moreAt least 6,000 Coinbase accounts were compromised

Hackers steal $12.7M worth of BTC from DeFi platform pNetwork

hackers steal 12 7m worth of btc from defi platform pnetwork

The platform has offered a $1,500,000 bounty to the hackers if funds are returned In the latest attack on the decentralised finance (DeFi) industry, pNetwork, a platform that enables cross-chain DeFi composability, has reported a breach on the Binance Smart Chain, leading to losses of Bitcoin worth roughly $12.7 million. The incident, which occurs amid … Read moreHackers steal $12.7M worth of BTC from DeFi platform pNetwork

USPIS internal audit reveals need for standardised crypto training

uspis internal audit reveals need for standardised crypto training

USPIS’ current crypto fund programme shows a lack of standardised training among employees, according to an audit There are opportunities for theft or abuse when crypto is used during investigations by USPIS The boom in the cryptocurrency market over the last few years has led to an increase in crimes involving virtual tokens, bringing law … Read moreUSPIS internal audit reveals need for standardised crypto training

Malware victim robbed of 16 Bitcoin to sue parents of young hackers

malware victim robbed of 16 bitcoin to sue parents of young hackers

In 2018, a U.S man named Andrew Schober fell foul to a malware hack, resulting in the loss of 16.4 Bitcoin, around $800,000 at today’s price. After spending $10,000 to hire forensic specialists, Schober thinks he’s tracked down the culprits. But it turns out the alleged perpetrators are thousands of miles away, in England. The … Read moreMalware victim robbed of 16 Bitcoin to sue parents of young hackers

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